Analysts Scale Back Estimates for Fund Companies

Although many analysts earlier said they expected second quarter earnings for fund companies to be strong because declining stock markets would not catch up to their asset bases, and therefore their fees, for a few months yet, that is no longer the case.

A number of analysts have now scaled back their estimates for the quarter, MarketWatch reports. Companies they do favor, however, are those with a broad array of products, international reach and strong balance sheets.